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Here’s what you need to know before selling a car on Craigslist

Here’s what you need to know before selling a car on Craigslist

People sell their used cars on Craigslist to turn a higher profit than they would trading into a dealership. But they often don’t realize how tedious and time-consuming the Craigslist car selling process can be.

Here’s what you need to know before trying to sell a car on Craigslist:

Not many used car buyers trust CraigslistAccording to Consumer Affairs, Craigslist has a 1.3-star rating amongst its users, and more than 300 detailed complaints about scams, ripoffs and bad customer service.So if you want your car to sell, you’ll have to give lots of information in the description: your car’s service record, accident report, mileage and overall condition in order for potential buyers to trust you.

To sell quickly, you’ll need to price your car low
You go into the car selling process hoping you’ll make the at least KBB value on the sale. But, in private party sales, Kelley Blue Book hardly means a thing. And you’ll almost surely have to go below KBB value by as much as 20 percent if you want your car to sell quickly.The trick is pricing your car low enough that it will sell quickly, while still having it be high enough that you’re not robbing yourself—a trick that’s hard if you have no experience with the car market.

Shipping costs, inspection fees, paperwork transfers and used car depreciationThen there’s the general hassle of selling a car on Craigslist. You’ll need to pay for shipping costs to the new buyer. You’ll need to have your car inspected. Then, at closing, you’ll need to transfer the title into the buyer’s name.And your luxury car can depreciate as much as $1,500 every month it takes to sell your car. The average private party sale takes about two or three months.

Or you can sell your used luxury car today for its KBB value in full

You don’t need to go below KBB value to sell your luxury car. Luxury drivers across the nation are turning to I Buy Luxury Cars when it comes time to sell their cars.

Your VIN is usually found on the driver’s side of the dashboard by the window or on the driver’s side doorjamb. You can also find it on your auto insurance card as well as on your state vehicle registration form.

Tip: The VIN must be exactly 17 characters in length and never include the letters “I” “O” and “Q”.